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Syncona and Oxford Science led a £96m Series A round in Beacon Therapeutics.

Financials

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Transaction Value£96m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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ophthalmic gene

Cross Border

Minority

Private

Completed

Private Equity

United States

Health Care Services

Acquisition

Friendly

Synopsis

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Syncona, a healthcare company, and Oxford Science, an early-stage venture capital firm, led a £96m Series A round in Beacon Therapeutics, a ophthalmic gene therapy company. “Beacon Therapeutics combines a broad development pipeline, a deep scientific foundation, a strong clinical network, and a highly experienced management team to drive forward a unique late-stage clinical and pre-clinical pipeline. With the 12-month data from our Phase II SKYLINE trial for AGTC-501 expected shortly and two highly innovative and differentiated pipeline assets for prevalent and rare blinding diseases, we are excited to be building a new leader in the ophthalmic gene therapy space,” David Fellows, Beacon Therapeutics CEO.

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